GOLDEN TEE GOLF CLUB

EIN: 752101198 501(c)(3) Recreation & Sports

FORT WORTH, TX

Total Revenue
$54,202
Total Expenses
$111,232
Total Assets
$27,806
Net Assets
$27,806
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Financial Vulnerability Assessment (Tuckman-Chang)

4 risk indicators measuring financial stability and operational resilience

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Financial Trends

Organization Details

Formation Year
1987
Legal Domicile
TX
Phone
8179054760
Tax Period
2023-01-01 to 2023-12-31

GOLDEN TEE GOLF CLUB, founded in 1987, is a micro nonprofit in the Recreation & Sports sector that reported $54K in total revenue in fiscal year 2023. Revenue surged 35% from the prior year, signaling strong growth momentum. Expenses of $111K exceeded revenue, resulting in a 105% operating deficit.

Mission

NON-PROFIT GOLF ASSOCIATION WHEREBY ANY NET PROCEEDS ARE DISTRIBUTED AS ACADEMIC SCHOLARSHIPS OR DISTRIBUTED TO OTHER EXEMPT ORGANIZATIONS.

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Trantor Score

Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency

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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

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Financial Overview (2023)

Revenue Breakdown

Contributions & Grants $4,664
Program Service Revenue $6,079
Investment Income $0
Other Revenue $43,459
TOTAL REVENUE $54,202

Expense Breakdown

Grants Paid $0
Salaries & Benefits $0
Fundraising Expenses $0
Program Expenses $21,954
Other Expenses $111,232
TOTAL EXPENSES $111,232

Year-over-Year Comparison

2023 2022 Change
Revenue $54,202 $40,226 +0.3%
Expenses $111,232 $1,500 +73.2%
Net Income $-57,030 $38,726 -2.5%
Key Indicators
Grants to Organizations Grants to Individuals Lobbying Political Activity Foreign Activities Donor Advised Fund Schedule B Required
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Financial Health Indicators

Comprehensive financial analysis: Altman Z-Score, liquidity, solvency, sustainability, efficiency, and growth metrics

Financial Distress Indicator

Liquidity & Cash Position

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Altman Z-Score • Liquidity Ratios • Solvency Analysis • Growth Indicators • Efficiency Metrics

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Governance

Voting Members
26
Independent Members
26
Employees
N/A
Volunteers
N/A

Governance Policies

Conflict of Interest Policy
Whistleblower Policy
Document Retention Policy

Special Practices & Reported Activities

Operated a School
Operated a Hospital
Provided First Class Travel
Reported Conflict of Interest
Reported Asset Diversion
Excess Benefit Transaction
Made Political Expenditures
Engaged in Lobbying
Operated Donor Advised Fund
Maintained Art Collections
Filed Form 720

Compensation of Officers, Directors & Key Employees

Total Officers
3
$0
Total Directors
3
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
ELVIN BENNETT PRESIDENT 005.00
Officer Director
$0 $0 $0
LOUIS CARR VICE PRESIDENT 005.00
Officer Director
$0 $0 $0
HENRY BRAZZILE TREASURER 005.00
Officer Director
$0 $0 $0
Note: Compensation data is self-reported by the organization on their Form 990. "Reportable Comp" includes salary, bonuses, and other reportable compensation from the organization and related organizations. "Other Comp" includes benefits, deferred compensation, and non-taxable benefits.

Historical Data

Year Revenue Expenses Assets Net Income
2024 No data No data No data No data
2023 $54,202 $111,232 $27,806 $-57,030
2022 $40,226 $1,500 $126,838 $38,726
2021 $222,937 $157,151 $88,112 $65,786
2020 $80,359 $110,470 $22,326 $-30,111
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